Strategy reported Q3 net income of $2.8B, driven by fair value gains on its Bitcoin holdings

Strategy, trading on Nasdaq under several tickers including STRF, STRC, STRK, STRD, and MSTR, has finally snapped back into ￰0￱ company, which calls itself the world’s first Bitcoin Treasury Company, posted net income of $2.8 billion for the third quarter ending September ￰1￱ profit came after a brutal 2024 when Strategy recorded steep losses as Bitcoin ￰2￱ reported operating income of $3.9 billion, reversing a loss of $432.6 million from a year ￰3￱ earnings per share came in at $8.42, compared to a $1.72 loss per share in ￰4￱ and CEO Phong Le said, “We increased our Bitcoin holdings to 640,808 and have raised $20 billion year-to-date through our capital markets platform.” Phong reaffirmed Strategy’s full-year targets of $20 billion in BTC dollar gain and a 30% BTC ￰5￱ turns profitable as BTC holdings swell Chief Financial Officer Andrew Kang said the company “generated third-quarter operating income of $3.9 billion, net income of $2.8 billion, and diluted EPS of $8.42 per share, our second consecutive quarter of significant positive earnings.” He linked the results to Bitcoin’s surge and the company’s digital credit operations.

“We generated BTC yield of 26% and BTC dollar gain of $13 billion year-to-date,” Andrew added, projecting full-year operating income of $34 billion and net income of $24 billion if Bitcoin reaches $150,000 by ￰6￱ Chairman Michael Saylor pointed to the scale of the company’s collateral, valued at over $71 billion, calling it “transparent, scalable, and homogeneous.” He said Strategy’s digital treasury framework allows it to create tax-efficient credit instruments with “return of capital” dividends that offer higher yields than conventional ￰7￱ also noted that S&P assigned Strategy a B- credit rating, which he expects will “expand the addressable market for our securities.” Saylor said the company would continue innovating new instruments to “drive greater BTC amplification.” Strategy’s Bitcoin portfolio , worth $70.9 billion at a market price of $110,600 per coin as of October 26, includes 640,808 bitcoins acquired for $47.4 billion at an average cost of $74,032 ￰8￱ said it achieved a BTC gain of 116,555 and BTC dollar gain of $12.9 billion year-to-date, compared to its 2025 goal of $20 ￰9￱ BTC yield stood at 26%, slightly below the 30% annual ￰10￱ raises and revenue details show momentum Strategy raised $5.1 billion in new capital during Q3, with another $89.5 million collected between October 1 and October ￰11￱ its Common Stock ATM program, it earned $2.2 billion by selling 5.7 million shares of class A stock, leaving $15.9 billion still available for ￰12￱ its STRK ATM program, it generated $152.8 million by issuing 1.4 million shares of its 8% Series A Perpetual Strike Preferred Stock, and another $23.8 million in ￰13￱ $20.4 billion remains available under that ￰14￱ the STRF ATM program, the firm received $217.3 million through 1.88 million shares of its 10% Series A Perpetual Strife Preferred Stock, followed by $50.4 million more in ￰15￱ still has $1.7 billion capacity ￰16￱ STRD ATM program brought in $48.5 million during the quarter and an additional $15.3 million later, with $4.1 billion ￰17￱ July, Strategy raised $2.5 billion through an IPO of its STRC stock, selling 28 million shares at $90 per ￰18￱ services grew 65.4% to $46 million, while product licenses and subscription services rose 62.9% to $63.3 ￰19￱ support revenue fell 16.2% to $51.1 million, and other services dropped 12% to $14.2 ￰20￱ profit climbed to $90.7 million, reflecting a 70.5% ￰21￱ round up the earnings report , Strategy said in FY2025, it expects to generate operating income of $34 billion, net income of $24 billion, and diluted EPS of $80 per share by ￰22￱ doubled down on his prediction that Bitcoin will hit $150,000 early next ￰23￱ up to Bybit and start trading with $30,050 in welcome gifts